While a slowdown in the ongoing financial year was anticipated, the steep downward revision in GDP growth for FY25 has taken many by surprise.

The GDP growth is expected to be about 6.3 per cent in the current fiscal year, a tad lower than the government's estimates of 6.4 per cent, owing to several factors such as weak demand, SBI research report said on Wednesday.

The economy is expected to close the current fiscal with 6.3 percent growth, 10 bps lower than the government's advance estimate of 6.4 percent, and 30 bps lowe

Sakshi Gupta, Vice President and Senior Economist at HDFC Bank, forecasts a slight increase in India's growth rate to 6.7% in 2025-26, up from 6.4% this year.

Despite a slowdown in real GDP growth, per capita nominal GDP in India is expected to increase significantly in FY25, by at least Rs 35,000 more than FY23, economists have said.

India forecast annual growth of 6.4% in the year ending in March, the slowest in four years and below the lower end of government's initial projection, dragged by a weaker manufacturing sector and slower corporate investments.

India's economy is set to slow to a four-year low of 6.4% in 2024-25, due to a decline in manufacturing and weak investment. The farm sector's strong growth and increased rural consumption offer some relief,

India's GDP is projected to grow 6.4% in 2024-25, down from 8.2% in 2023-24, due to reduced investment, impacting fiscal and monetary policies ahead.

India's economy is expected to grow 6.4% in the current fiscal year ending March, the National Statistics Office said on Tuesday, below the initial government projection of 6.5%-7%. India has released its first advance estimates of gross domestic product (GDP),

India's economic growth rate is estimated to slip to a four-year low of 6.4 per cent in 2024-25, mainly on account of poor showing by the manufacturing and services sector, according to government data released on Tuesday.